Busoga Ghettos and Muslim Women Saccos Gifted Shs 3.2 Billion by President Museveni

President Yoweri Kaguta Museveni fulfilled his pledge of 2 billion shillings financial support to the Muslim Women SACCOs in the country. He equally extended Shs 1.2 billion to the ghetto SACCOs in the 12 districts and city of Busoga Sub-region. Delivering the package On behalf of the President, was State House Comptroller, Ms. Jane Barekye today at Okello House, Nakasero, in Kampala. Ms. Barekye informed the beneficiaries that the funds should be utilized according to the Presidential directive whereby they can borrow, invest, then pay back after one year at an interest of 6 percent. For clarity, Ms. Barekye explained that the 6 percent interest applies on ghetto SACCO funds whereas for the Muslim Women SACCO funds, a service fee of 6 percent will be charged per annum. Ms Barekye noted that the money is not a personal donation but support from the government to empower the groups economically. “Whoever misuses this money, will be arrested and jailed,” she warned. The event was also attended by the Special Presidential Assistant on Press and Mobilization, Haji Faruk Kirunda who also serves as the coordinator of the Busoga Ghetto SACCOs and Muslim Women SACCOs in the country. On the directive of the President, Haji Kirunda and Crime Intelligence Director, Maj. Gen. Christopher Ddamulira were tasked to coordinate the ghettos in Busoga. Haji Kirunda cautioned the beneficiaries against misusing the funds, explaining that this particular Presidential support is not meant for elections or politics but rather it's for empowering them to uplift their livelihoods.

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